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Applied Industrial Technologies (AIT)
NYSE:AIT
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AIT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$163.50 - $282.98
Previous Close$243.51
Volume50.94K
Average Volume (3M)261.25K
Market Cap
$9.37B
Enterprise Value$9.42B
Total Cash (Recent Filing)$538.52M
Total Debt (Recent Filing)$597.29M
Price to Earnings (P/E)24.8
Beta1.25
Next Earnings
Jan 23, 2025EPS Estimate
$2.22Last Dividend Ex-Date
Nov 15, 2024Dividend Yield0.61%
Share Statistics
EPS (TTM)9.80
Shares Outstanding38,446,528
10 Day Avg. Volume380,937
30 Day Avg. Volume261,251
Standard Deviation0.09
R-Squared0.40
Alpha0.02
Financial Highlights & Ratios
PEG Ratio4.36
Price to Book (P/B)5.34
Price to Sales (P/S)2.09
Price to Cash Flow (P/CF)18.30
P/FCF Ratio19.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.10
Enterprise Value/Gross Profit7.05
Enterprise Value/Ebitda16.63
Forecast
1Y Price Target
$294.17Price Target Upside20.71% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
Applied Industrial Technologies News
PremiumCompany Announcements
Applied Industrial Technologies Expands with Hydradyne Acquisition
Bulls Say, Bears Say
Bulls Say
Financial PerformanceReturn on invested capital and margins are continuing to expand, indicating further room for upside.
Growth And Market OpportunitiesAIT remains an underappreciated story that has structurally changed its business profile and the addressable opportunities via M&A and internal investment focus.
Market Position And StrategyOperational progress under CEO Neil Schrimsher has transformed the company into a higher margin, higher growth entity.
Bears Say
Financial GuidanceMotion's earnings and lowered guidance suggest limited macro upside in 3Q24 for short-cycle industrial companies.
Growth StrategyThe pace of acquisitions slowed materially post-COVID and AIT may not close a deal large enough to offset organic weakness in FY25.
Market ConditionsAIT is more cyclical than peers and current softness in the manufacturing environment will pressure revenue and earnings over the next six months.
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Ownership Overview
1.12% Insiders
39.94% Mutual Funds
21.16% Other Institutional Investors
11.68% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Ability to SellRisks related to the company’s ability to sell goods and services
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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AIT FAQ
What was Applied Industrial Technologies’s price range in the past 12 months?
Applied Industrial Technologies lowest stock price was $163.50 and its highest was $282.98 in the past 12 months.
What is Applied Industrial Technologies’s market cap?
Currently, no data Available
When is Applied Industrial Technologies’s upcoming earnings report date?
Applied Industrial Technologies’s upcoming earnings report date is Jan 23, 2025 which is in 28 days.
How were Applied Industrial Technologies’s earnings last quarter?
Applied Industrial Technologies released its earnings results on Oct 24, 2024. The company reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.254 by $0.106.
Is Applied Industrial Technologies overvalued?
According to Wall Street analysts Applied Industrial Technologies’s price is currently Undervalued.
Does Applied Industrial Technologies pay dividends?
Applied Industrial Technologies pays a Quarterly dividend of $0.37 which represents an annual dividend yield of 0.61%. See more information on Applied Industrial Technologies dividends here
What is Applied Industrial Technologies’s EPS estimate?
Applied Industrial Technologies’s EPS estimate is $2.22.
How many shares outstanding does Applied Industrial Technologies have?
Applied Industrial Technologies has 38,446,530 shares outstanding.
What happened to Applied Industrial Technologies’s price movement after its last earnings report?
Applied Industrial Technologies reported an EPS of $2.36 in its last earnings report, beating expectations of $2.254. Following the earnings report the stock price went up 3.642%.
Which hedge fund is a major shareholder of Applied Industrial Technologies?
Among the largest hedge funds holding Applied Industrial Technologies’s share is Royce & Associates LLC. It holds Applied Industrial Technologies’s shares valued at 37M.
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Applied Industrial Technologies Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$294.17 (20.71% Upside)
$294.17 (20.71% Upside)
Blogger Sentiment
Bullish
AIT Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 45.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.7M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.8%
Last 30 Days ▲ 13.8%
Last 30 Days ▲ 13.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
41.40%
12-Months-Change
Fundamentals
Return on Equity
23.36%
Trailing 12-Months
Asset Growth
9.19%
Trailing 12-Months
Company Description
Applied Industrial Technologies
Applied Industrial Technologies, Inc. engages in the manufacture and distribution of industrial parts and products. It operates through the Service Center Based Distribution and Fluid Power Business segments. The Service Center-Based Distribution segment provides customers with a wide range of industrial products through a network of service centers. The Fluid Power Businesses segment consists of specialized regional companies that distribute fluid power components and operate shops to assemble fluid power systems and perform equipment repair. The company was founded by Joseph Bruening in January 1923 and is headquartered in Cleveland, OH.
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AIT Company Deck
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AIT Earnings Call
Q1 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call highlighted strong cash generation and positive order trends in the Engineered Solutions segment, with a raised EPS guidance for the full year. However, it also acknowledged declines in organic sales and mixed end market demand, particularly in the Engineered Solutions segment and early October sales trends.Read More>---
AIT Stock 12 Month Forecast
Average Price Target
$294.17
▲(20.71% Upside)
Technical Analysis
Best Analysts Covering AIT
1 Year
1 Year Success Rate
18/19 ratings generated profit
1 Year Average Return
+29.64%
reiterated a buy rating last month
Copying David Manthey's trades and holding each position for 1 Year would result in 94.74% of your transactions generating a profit, with an average return of +29.64% per trade.
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